Romanian precast concrete product manufacturer ASA CONS, based in Turda, anticipates to end 2023 with a turnover of almost EUR35 million after reaching EUR28.3 million in the first nine months of the year.
Israel-based company Nofar Energy has acquired the largest solar photovoltaic (PV) park in Romania, developed by Portland Trust in the locality of Corbii Mari (Dambovita County).
Patria Bank (PBK.RO) has informed investors in a stock market report on Dec 12 that the mandate of Suleyman Burak Yildiran as General Manager would end, by mutual consent, starting with the date of prior approval by the National Bank of Romania of the new General Manager, but no later than March 12, 2024.
The fast-moving consumer goods (FMCG) market shrank in volume in January-September 2023, which is the best indicator of the spending appetite of Romanian consumers. On the other hand, retailers’ sales continued to increase in value, but solely because of prices went up by 15% to 23%.
Real estate consulting company Cushman & Wakefield Echinox is consolidating its team by recruiting Raluca Stanislav as Head of Business Development.
IT group Bittnet Systems (BNET.RO) notified the Bucharest Stock Exchange of having completed its corporate bonds offer conducted between November 27 and December 12.
OMV Petrom, the largest integrated energy company in Southeastern Europe, has continued to make significant progress in implementing Neptun Deep project.
International rating agency Moody's Investors Service (Moody's) has reconfirmed the Ba1 rating, with a positive outlook, awarded to Romania's national power grid operator Transelectrica (TEL.RO).